Hedonic Pricing is an approach used for the calculation of output in an economy. To use a simple example: In the United States' GDP measures, a personal computer purchased in 2009 is not put in at its nominal cost, but with a higher value. This is based on an adjustment made for the increased processing power and storage when compared with a PC 10 or 20 years ago, assuming that additional computing power and storage will have a higher value than the price tag of the item purchased. A substantial portion of annual GDP growth during the past decade is attributed hedonic pricing and is heavily questioned by a number of economists.

Holding Company

A company owning other companies. Often, the holding company has no business activities on its own and serves the sole purpose of managing a portfolio of companies.

Home Equity Loan

A loan on a home which can be used for various purposes (such as education, consumption, purchases, etc). The home serves as collateral for the loan.

Housing Crisis

Most often this term refers to the significant reduction of house price values in the United States that started in 2007 and continued at an accelerated pace in 2008 and 2009.

HR

The corporate function dealing with all aspects of managing personnel.